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Thread: Dishonest Realtors

  1. #1
    Nubbs
    What is it with realtors these days? Does honesty and integrity not exist anymore? Here’s the story. My agent and I were working with the listing agents on a piece of property. Several offers and counter offers went on. Finally the listing agents said I would get the house if I upped my offer a bit. So, I upped my offer and the listing agents said the house was mine. My agent faxed over the offer and the listing agent said the trustee would sign the documents on Saturday. We wanted to do an inspection Saturday morning, but we were a bit leery, as we did not have the signed purchase agreement yet. The listing agent told my agent to go ahead with the inspection Saturday morning and she reassured us that the trustee would sign the documents Saturday so we would have them Monday morning. We did this inspection Saturday morning and everything went as expected. Fast forward to Sunday night now. I received a call from my agent around 8:30 last night. The listing agents just called my agent to let us know they received another offer (kind of funny how it just appeared last minute) on the house. The trustee had just signed the documents for the other offer and the house was no longer mine. :devil: So now I no longer have the house. And, I’m out the $250 I spent for the inspection Saturday morning. I can’t believe the listing agents blatantly lied to us. Needless to say I’m a little pissed off. I know $250 is not a large amount of money, but it would have covered gas in the boat for a weekend. That said, does anybody know of anything I can do? Is there a better business bureau for realtors or something similar? They screwed me and I’m sure they’re not afraid of screwing somebody else either.
    The listing agents on this property are Monica Abundiz and Troy Barnum. They call themselves “The AmeriCoast Group” at Keller Williams Realty. There information is below.
    Keller Williams Coastal Properties II
    5001 Lakewood Blvd
    Lakewood, CA 90712
    562 582-1530 (office)
    info@americoast.com
    http://www.theamericoastgroup.com/Home
    http://www.kw.com/kw/
    Monica Abundiz / listing specialist
    562 305-5947 (cell)
    562 684-0453 (fax)
    Troy Barnum / Loan Consultant (Broker)
    562 400-6767 (cell)
    Be careful if any of you ever deals with Monica Abundiz or Troy Barnum at “The AmeriCoast Group” at Keller Williams Realty. They screwed me and I’m sure they’ll have no problems screwing somebody else too.
    So, there’s my rant for the day. Thanks for letting me vent.
    Nubbs

  2. #2
    totenhosen
    I suggest you file a complaint with their broker, realtor's association and even the DRE. You can find the broker information at:
    http://www2.dre.ca.gov/PublicASP/pplinfo.asp

  3. #3
    RiverDave
    What is it with realtors these days? Does honesty and integrity not exist anymore? Here’s the story. My agent and I were working with the listing agents on a piece of property. Several offers and counter offers went on. Finally the listing agents said I would get the house if I upped my offer a bit. So, I upped my offer and the listing agents said the house was mine. My agent faxed over the offer and the listing agent said the trustee would sign the documents on Saturday. We wanted to do an inspection Saturday morning, but we were a bit leery, as we did not have the signed purchase agreement yet. The listing agent told my agent to go ahead with the inspection Saturday morning and she reassured us that the trustee would sign the documents Saturday so we would have them Monday morning. We did this inspection Saturday morning and everything went as expected. Fast forward to Sunday night now. I received a call from my agent around 8:30 last night. The listing agents just called my agent to let us know they received another offer (kind of funny how it just appeared last minute) on the house. The trustee had just signed the documents for the other offer and the house was no longer mine. :devil: So now I no longer have the house. And, I’m out the $250 I spent for the inspection Saturday morning. I can’t believe the listing agents blatantly lied to us. Needless to say I’m a little pissed off. I know $250 is not a large amount of money, but it would have covered gas in the boat for a weekend. That said, does anybody know of anything I can do? Is there a better business bureau for realtors or something similar? They screwed me and I’m sure they’re not afraid of screwing somebody else either.
    The listing agents on this property are Monica Abundiz and Troy Barnum. They call themselves “The AmeriCoast Group” at Keller Williams Realty. There information is below.
    Keller Williams Coastal Properties II
    5001 Lakewood Blvd
    Lakewood, CA 90712
    562 582-1530 (office)
    info@americoast.com
    http://www.theamericoastgroup.com/Home
    http://www.kw.com/kw/
    Monica Abundiz / listing specialist
    562 305-5947 (cell)
    562 684-0453 (fax)
    Troy Barnum / Loan Consultant (Broker)
    562 400-6767 (cell)
    Be careful if any of you ever deals with Monica Abundiz or Troy Barnum at “The AmeriCoast Group” at Keller Williams Realty. They screwed me and I’m sure they’ll have no problems screwing somebody else too.
    So, there’s my rant for the day. Thanks for letting me vent.
    Nubbs
    Send me a file and your next 250.00 part is on me..
    RD <---- hasn't heard from anyone in awhile.

  4. #4
    Riverdog1
    this happened to someone else on this board in Havi. Not the same realtors but it seems like that is the game now.

  5. #5
    TOBTEK
    Sorry to hear of your misfortune. Sounds like a bad deal all the way around. NEXT time DONT do anything untill you have a signed offer back from the seller.....period. You most likely didnt get boned form the listing agent, more likely from a greedy seller. Was it a "short sale" or Bank owned property, these can be very tricky for agents on both sides working with the orig lender. Toby

  6. #6
    cdog
    Sorry to hear of your misfortune. Sounds like a bad deal all the way around. NEXT time DONT do anything untill you have a signed offer back from the seller.....period. You most likely didnt get boned form the listing agent, more likely from a greedy seller. Was it a "short sale" or Bank owned property, these can be very tricky for agents on both sides working with the orig lender. Toby
    Yes, Yes, Yes! Greedy seller! 99% of all agents don't want to be involved in a deal like this. There is basically no more money in it for the agent to screw you over. Contracts must be in writing to be enforceable so you really have no recourse. Work with an agent who understands this. Your agent sounds desperate to get you to commit to purchase. If you’ll consider Yorba Linda, Orange or Anaheim hills I can show your some REO’s from 650k -1,000,000 that are 100k+ below what they were a year ago.

  7. #7
    Nubbs
    Sorry to hear of your misfortune. Sounds like a bad deal all the way around. NEXT time DONT do anything untill you have a signed offer back from the seller.....period. You most likely didnt get boned form the listing agent, more likely from a greedy seller. Was it a "short sale" or Bank owned property, these can be very tricky for agents on both sides working with the orig lender. Toby
    It's a probate sell. Very possible the trustee may have screwed me. However, the listing agents could have declined the offer as the documents were supposed to be signed before the offer was received.

  8. #8
    socalmofo
    That is a tough scenario. First off not all Realtors are dishonest people. the ones who are succeding right now are very competent business people.
    The listing agent has no right to sell you that house. 100% Verbal agreement. Could they have done some shady things, yes, and most likely. Verbal agreements are nothing to some people these days, they are to me. My guess is the listing agent has their own buyer and was waiting for the buyer to decide on the property. I would have advised you against ANYTHING prior to having a signed contract. This may not be what you want to hear but your agent did not to their fuduciary duty by allowing you to pay for an inspection prior to a fully executed purchase agreement.

  9. #9
    Nubbs
    Send me a file and your next 250.00 part is on me..
    RD <---- hasn't heard from anyone in awhile.
    RD, thanks for the offer. However, we bought our own machine.

  10. #10
    cdog
    It's a probate sell. Very possible the trustee may have screwed me. However, the listing agents could have declined the offer as the documents were supposed to be signed before the offer was received.
    Wrong. Fiduciary is to the seller or Trustee not you. This is why it’s wise to have your own agent (with strong negation skills). Counter should have expired within 24 hours not the standard 3 days. Look at item 3 on your counter.

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